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Forrest Faulconer
  • Real Estate Agent
  • Oklahoma City, OK
462
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471
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How would you invest $60,000?

Forrest Faulconer
  • Real Estate Agent
  • Oklahoma City, OK
Posted

I am in the midwest, I refinanced my house and pulled some cash out, I am curious how some of you would go about investing it in real estate (or other means).

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203
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Michael Albaum
  • Rental Property Investor
  • Petaluma, CA
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Michael Albaum
  • Rental Property Investor
  • Petaluma, CA
Replied

It really depends on your goals and experience level. You could split the $60k up into multiple down payments, or you could buy something all cash and do some rehab and cash out refi again down the road. You could also buy something semi turn key all cash and just sit on the cash flow.

Numerous ways to go about it and each one will have different outcomes, but you should start with your end goal in mind and work backwards

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